Two great minds on Greece and gold.

I found these clips of recent separate interviews with Marc Faber and Jim Rogers as they shared their views on Greece and gold.  Make good sense, as usual.

5 March 2010
Marc Faber on CNBC - Greece and gold.



26 March 2010
Jim Rogers on CNBC - Greece and gold.





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Charts in brief: 9 April 10.

CapitaMalls Asia: The reversal signal was confirmed today on moderately higher volume as a white candle was formed.  Significantly, price closed above resistance provided by the 20dMA for the first time since 23 March.  The MACD has made contact with the signal line and looks set for a bullish crossover.  Stochastics has formed a higher low as it emerged from the oversold region.  A retest of $2.41 is most likely in the event of a continuing upmove in price.

Golden Agriculture:  Mixed signals seen.  Sell signal confirmed on the MACD on a white candle day as price closed higher at 61c, forming a white spinning top in the process.  The MFI has formed a higher low but note that volume is lower today, an up day, compared to the last two days which were down days.  In TA, we work on probabilities based on the weight of the evidence. This is one of those occasions where I cannot tell if the chances are higher for further upside or a correction downwards.

Saizen REIT: After a short bout of profit taking yesterday, Saizen REIT formed a dragonfly doji today on higher volume as price closed at 17.5c.  MFI continues rising as the sell signal seen on the MACD yesterday was negated.

Healthway Medical: Price broke resistance today and touched a high of 17.5c before closing at 17c, the resistance provided by the declining 20dMA.  Volume expanded and it seems that the MACD might do a bullish crossover with the signal line.  MFI has formed a higher low, suggesting a return of buying momentum. OBV has turned up.  All these are providing hopeful signals to people who remain bullish on Healthway Medical in the short run.  Another chance to sell at 18.5c, perhaps?

SPH: Another white candle day for SPH as it closed at $3.97, just three cents short of the target I have for it at $4.00.  The MACD is tearing away upwards from the signal line.  Very bullish. OBV is rising steeply, suggesting ongoing accumulation.  The MFI has moved into overbought territory but the momentum suggests that $4.00 is almost a foregone conclusion.  After, $4.00?  I see $4.20 as the next resistance.

Courage Marine:  The price closed at 22.5c today, a high achieved on 29 March.  A white candle day on the back of increased volume is reassuring for bulls. OBV has turned up and the MACD is moving higher up away from the signal line.  The technicals suggest further upside and my eventual target remains at 27c, the high achieved on 28 Sep 09.  Gap resistance at 23.5c will have to be overcome first in such an instance.

AusGroup: In my last TA, I said that "the MFI has formed a higher low. This suggests that buying momentum is still strong. OBV suggests that there is no distribution yet. AusGroup might try to push higher again but things are looking dicey".  AusGroup closed at 65.5c today and looks like it might push higher.  Congratulations to those vested.


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Charts in brief: 8 April 10.